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December 6, 2025
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    Business news

    Netflix Strikes $82.7 Billion Deal to Take Over Warner Bros., Redefining the Global Entertainment Landscape

    Paul MurungiThe Big StoryDecember 5, 2025December 5, 2025

    Netflix Inc. has announced a landmark agreement to acquire Warner Bros. from Warner Bros. Discovery (WBD) in a cash-and-stock transaction that values the studio at an enterprise figure of about…

    Century Bottling’s bid to knock out URA’s UGX 10.2b assessments failed as the Tax Appeals Tribunal ruled new audit facts allowed late claims for 2013–2019. It also rejected “parallel assessment” arguments and upheld reverse-charge VAT on separately invoiced Krones services (about UGX 364m). Other tax issues remain pending for now.

    Tribunal Backs URA in UGX 10.2 Billion Century Bottling Tax Fight

    CEO East Africa MagazineThe Big StoryDecember 4, 2025December 4, 2025

    Century Bottling Company Limited walked into the Tax Appeals Tribunal hoping to end a costly dispute before it truly began. The Coca-Cola bottler was facing a fresh set of tax…

    Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 245 Billion (UGX 6.6 Trillion) Deal

    Paul MurungiCompany NewsEast AfricaThe Big StoryDecember 4, 2025December 4, 2025

    Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 241 billion (UGX 6.5 Trillion Deal) The Kenyan government Kenya has officially begun the process of selling a 15…

    A photo collage of Old Mutual managing director Stephen Chikovore and SanlamAllianz General Insurance chief executive officer Ruth Namuli. SanlamAllianz’s licensed merger has propelled it to Uganda’s second-largest general insurer, capturing 19.8% market share and closing within 1.4 points of Old Mutual in Q3 2025 after years of dominance.

    SanlamAllianz Officially Becomes Uganda’s Second-Largest General Insurer as Market Gap with Old Mutual Narrows Sharply

    Muhereza KyamuteteraThe Big StoryDecember 3, 2025December 3, 2025

    The newly merged SanlamAllianz Uganda has officially become the country’s second-largest general insurer. Market performance report for the 2025 third quarter by Insurance Regulatory Authority (IRA) shows that the merged…

    URA has begun a nationwide crackdown on undeclared offshore income, using global data-sharing networks to track foreign assets held by Ugandan residents and enforce strict compliance with international tax reporting rules.

    URA Directs Ugandans to Declare Global Income as Foreign Asset Crackdown Begins

    Muhereza KyamuteteraThe Big StoryNovember 20, 2025November 20, 2025

    Uganda Revenue Authority (URA) has launched a sweeping enforcement campaign requiring all Ugandan tax residents with foreign bank accounts, property, or investments to immediately declare their worldwide income and assets,…

    Civtec Africa’s lawsuit against TotalEnergies exposes alleged fuel contamination beneath Kampala’s Industrial Area, raising environmental concerns and testing corporate accountability as the dispute heads to Uganda’s Commercial Court.

    French Oil Major, TotalEnergies Accused by Contractor of Polluting Kampala City

    CEO East Africa MagazineThe Big StoryNovember 20, 2025November 20, 2025

    French oil and gas multinational TotalEnergies Marketing Uganda is facing a lawsuit in the Commercial Court. Local engineering contractor Civtec Africa Limited accuses the company of failing to disclose serious…

    Giles Aijukwe is redefining banking through purpose-driven leadership, proving that inclusion and profit can coexist, and that finance, when guided by empathy and vision, empowers lives across Uganda.

    Beyond Profit: Giles Aijukwe – the Letshego Uganda CEO Who Believes in Purpose First

    CEO East Africa MagazineBanking & InsuranceThe Big StoryNovember 5, 2025November 11, 2025

    As the CEO of Letshego Uganda, Giles Aijukwe stands at the intersection of ambition and accountability, tasked with delivering financial growth in a sector still playing catch-up on inclusion. In…

    dfcu Bank Expands Footprint in Western Uganda with Grand Opening of Fort Portal Branch

    Brian EmorutNews & AnalysisSponsored ContentSeptember 25, 2025September 25, 2025

    dfcu Bank, one of Uganda’s leading financial institutions, has officially launched its 55th branch in Fort Portal Tourism City, strategically located along Babiiha Road. This expansion underscores dfcu Bank’s commitment…

    Businesses dealing in wholesale and retail fuel, mining and quarrying, manufacturing and utilities, have to use EFRIS, whether or not registered for VAT.

    URA’s EFRIS Expansion and the Future of Tax Compliance in Uganda

    Jeff WintersThe Big StoryAugust 20, 2025August 20, 2025

    On July 25, the Uganda Gazette carried General Notice No. 2218 of 2025, signaling a shift in the approach to tax compliance and digitization. The notice indicated that Uganda Revenue…

    Google warns that selling Chrome could hurt security and break its connections to services like Google accounts, Android features, and ad privacy tools.

    The Chrome Gambit: How AI Startups are Fighting for the Browser that Controls the Web

    Jeff WintersThe Big StoryAugust 18, 2025August 18, 2025

    An AI startup just tried to buy the world’s most important browser. On Aug 12, Perplexity AI made an unsolicited $34.5 billion all-cash offer to acquire Google’s Chrome, Bloomberg reported….

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    Latest Stories

    • Netflix Strikes $82.7 Billion Deal to Take Over Warner Bros., Redefining the Global Entertainment Landscape
      by Paul Murungi
      December 5, 2025
    • Pearl Bank Celebrates Customers in Festive Campaign Dubbed Pearl Santa
      by Paul Murungi
      December 5, 2025
    • Energy Ministry Orders UEDCL Board to Investigate Top Management Over Performance Gaps
      by Paul Murungi
      December 5, 2025
    • From Luuka to the Netherlands: The Rise of a Farmer Redefining Agribusiness in Uganda
      by Jeff Winters
      December 5, 2025
    • Gary Corbit drives SanlamAllianz Uganda’s new era of confidence, championing innovation and financial inclusion. Paul Mukasa, a Ugandan leader in service—pastoral, educational, and community-centered—embodies compassion and resilience. Together they reflect modern Ugandan leadership: protecting livelihoods for families today and tomorrow, nurturing hope, and inspiring progress across boardrooms, classrooms, and parishes.
      Former Marsh Uganda Chief Executive, Alexander Mukasa, Replaces Gary Corbit as SanlamAllianz Life Insurance Head
      by CEO East Africa Magazine
      December 5, 2025
    • Ugandan enterprises urged to explore regional oil and gas opportunities
      by Brian Emorut
      December 5, 2025
    • Uganda to host WFP Global Fleet Hub, establish unique humanitarian plates
      by Brian Emorut
      December 4, 2025
    • Ugandan Enterprises urged to prepare for production-phase opportunities in Oil and Gas
      by Brian Emorut
      December 4, 2025
    • Century Bottling’s bid to knock out URA’s UGX 10.2b assessments failed as the Tax Appeals Tribunal ruled new audit facts allowed late claims for 2013–2019. It also rejected “parallel assessment” arguments and upheld reverse-charge VAT on separately invoiced Krones services (about UGX 364m). Other tax issues remain pending for now.
      Tribunal Backs URA in UGX 10.2 Billion Century Bottling Tax Fight
      by CEO East Africa Magazine
      December 4, 2025
    • The Tax Appeals Tribunal backs URA in Nile Breweries export row, finding Kabaco and Ituri were buyers, not agents. Beer sold locally then exported, triggering VAT and excise; assessments upheld.
      The Nile Breweries-URA UGX 18.5 Billion Fight: When ‘Export’ Became the Battleground That NBL Eventually Lost
      by CEO East Africa Magazine
      December 4, 2025
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